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Dhanteras 2024: Jewellers report slower than expected sales due to rising gold prices

Jewellery sales start slower than expected on Dhanteras due to high gold prices and weekday timing,…

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2 mins read

Buying gold jewellery this Dhanteras? Here is how you can verify authenticity as per BIS

According to an official statement, BIS emphasizes the importance of choosing hallmarked jewellery,…

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Karwa Chauth festivities to boost economy by ₹22,000 crore

Deeply rooted in Indian culture and spirituality, the festival of Karwa Chauth has grown into a sig…

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1 min read

Footwear, electronic wearables, kitchenware and home furnishings witness surge in inventories ahead of festive season

Ahead of the upcoming festive season, categories such as footwear, electronic wearables, kitchenwar…

ANI   


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Budget import duty cut will boost gold jewellery retailers' revenues by 22-25% this fiscal, notes CRISIL report

The organised jewellery sector, which accounts for just over a third of the overall market, is pois…

ANI   


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P N Gadgil Jewellers' Rs 1,100-cr IPO to open on Sep 10

The Maharashtra-based company's IPO is a combination of a fresh issue of equity shares worth up to …

PTI   


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3 mins read

Domestic gold prices surge 10% amid global price rally, central bank buying: World Gold Council

The reduction in import duty has ignited a resurgence in gold demand across India. Reports from the…

ANI   


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Blackstone-owned International Gemmological Institute files for Rs 4,000-cr IPO

IGI is the world's second largest independent certification and accreditation services provider bas…

PTI   


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2 mins read

Gem, jewellery exports drop 21.9% to $1.67 billion in July

"The exports are mainly affected due to decline in demand following geopolitical disturbance in…

PTI   


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Consumer staples volume will grow in the coming quarters, notes Motilal Oswal report

A marked growth is visible in the consumer staple segment, and the trajectory in volume improvement…

ANI   


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India's gems, jewellery exports dip 13.44% in June to Rs 15,939.77 cr: GJEPC

The total gems and jewellery exports stood at Rs 18,413.88 crore (USD 2,240.77 million) during June…

PTI   


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Gold imports dip 4.23% to $12.64 billion in Apr-July 2024

In April, the imports jumped to $ 3.11 billion from one billion in April 2023. According to a jewel…

PTI   


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Stock market today: Nifty, Sensex register muted gains on market opening today

Hindalco, HCL Tech, Mahindra and Mahindra, Coal India, and BPCL took the lead in early trade, while…

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Global gold demand drops 6% in Q2 2024 due to slump in jewelry consumption, OTC investment pushes the total to record high

The record-high gold prices took a significant toll on jewelry consumption. Volumes fell 19% YoY to…

ANI   


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3 mins read

India's gold demand dips 5% to 149.7 tonnes in June quarter on high prices: WGC

However, in value terms, gold demand increased 17 per cent during the second quarter at Rs 93,8…

PTI   


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3 mins read

Gold prices drop by Rs 5,000/10gm post Budget; bring cheers to retail investors

After the duty cut, the yellow metal has declined Rs 5,000 per 10 grams or 7.1% in the past three s…

PTI   


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1 min read

India imposes restrictions on certain studded gold jewellery imports

The central government has imposed restrictions on the import of certain gold-studded jewellery and…

ANI   


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US woman duped out of ₹6 crore by Jaipur jewellers with fake jewellery

A jeweller and his son in Jaipur have been accused of duping a US woman out of Rs 6 crore by sellin…

ANI   


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2 mins read

Income Tax Department seizes record ₹1,100 crore cash and jewellery in Lok Sabha elections 2024

As per the sources, by the end of May 30th, the department had seized approximately Rs 1100 crore w…

ANI   


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Public sector banks asked to reassess gold loan process amid debt risk concerns

The Ministry of Finance has written to public sector banks to reassess their gold loan procedures a…

ANI